We wish to inform that the Company has received application from Promoter - Mr. Shripal Bafna for Reclassification from Promoter Category to Public Category under Reg 31(A) of SEBI LODR ....
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Mr. Shripal Bafna, classified as a promoter of VCU Data Management Ltd, has applied to the Board and stock exchanges to be reclassified as a public shareholder under Regulation 31A of SEBI LODR. He currently holds 15,34,000 equity shares in the company. In his undertaking dated September 18, 2025, he confirms he does not hold more than 10% voting rights, does not control the company's affairs, has no board representation, and is not a key managerial person or willful defaulter. He has committed to complying with all SEBI conditions for at least three years from the date of reclassification.
If approved by the Board, members, and stock exchanges, this reclassification will reduce the official promoter shareholding of the company and increase the public shareholding category, which may improve the stock's free float and trading liquidity. The reclassification is subject to regulatory and shareholder approval.